Washington (Inside EnergyEXTRA) – 26Jun2001
Bill offers $10 billion for clean coal
archive.mhenergy.com
A bill to boost clean coal technologies was introduced in the House Tuesday by representatives of the Appalachian coal region. The legislation proposes spending $10 billion over the next 10 years to accelerate use of clean coal technologies in power generation. The bill parallels a measure introduced by Sen. Robert Byrd, D-W.Va., earlier this year. It offers tax credits for emissions reductions and improved efficiency in existing plants and for early applications of advanced coal-based generating technologies. It also would offer refundable tax credits for electric cooperatives, publicly owned utilities and the Tennessee Valley Authority. “This legislation will put these technologies to work to bring down the increasing cost of electricity, reduce harmful emissions and bring back jobs to an industry that has been plagued by environmental barriers,” said Rep. Ed Whitfield, R-Ky., who sponsored the bill
Washington (Platts)--22Jun2001
Illinois governor signs coal bill into law
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As expected, Illinois Republican Governor George Ryan Friday signed legislation to provide up to $3.5-bil in financial incentives for the state's coal industry. "This legislation provides targeted incentives designed to create well-paying jobs in coal mines and electric plants and provide a stable source of energy without compromising our environment," Ryan said in a statement Friday.
The legislative package, HB 1599 and HB 2125, offers tax and financing incentives for new coal-fired power plants in excess of 400 MW and expansion or development of coal mines, among other things. The bill also offers incentives to build natural gas-fired plants with a capacity of at least a 1,000 MW.
Washington (Coal Week) 22Jun2001
Dynegy may build a coal plant
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Dynegy, the Houston-based parent company of Illinois Power Co., is likely to reveal by the end of summer that it is planning to construct a new coal-burning generating station, most likely in either Illinois or West Virginia, Platts Coal Week revealed. Details remain to be worked out, but a Dynegy source has told Coal Week that a formal announcement could come "in about two months." In any event, the company "definitely" intends to unveil the merchant generating project before the end of this year, he said. "Illinois is a place we're looking," he acknowledged, adding a handful of other states considered favorable to coal plant development, including West Virginia, Wyoming, Ohio and Kentucky, also may be under consideration. The company is "looking to stay near liquid regions where there's (electricity) trading activity," he said. Dynegy’s merchant ventures so far have been in natural gas. |
